The Compelling Case to Save A.I.G, by A.I.G.

When the New York Fed saved AIG last September, the argument was that AIG was too big to fail. If it went down, the whole financial system would be at risk. Generally that’s presumed to mean the high finance system, the world of derivatives trading and credit default swaps. The New York Times shows that AIG is now arguing to Treasury and the National Economic Council that it’s large life...